TopBuild Acquires Texas Insulation from Energy One America
June 03 2024 - 4:10PM
TopBuild Corp. (NYSE:BLD), a
leading installer and specialty distributor of insulation and
related building material products to the construction industry in
the United States and Canada, announced today that it has acquired
Texas Insulation, which generates approximately $39 million in
annual revenue. Texas Insulation operates out of three locations in
Dallas, Houston, and Austin and serves customers in the residential
and light commercial end markets. The company installs primarily
spray foam as well as fiberglass insulation.
Robert Buck, President and CEO of TopBuild,
said, “Texas Insulation expands our spray foam capabilities in an
important and growing geography, and further demonstrates our
opportunities around making acquisitions in our core area of
insulation. We are excited to welcome the Texas Insulation team and
look forward to driving growth across the business.”
About TopBuildTopBuild Corp.,
headquartered in Daytona Beach, Florida, is a leading installer and
specialty distributor of insulation and related building material
products to the construction industry in the United States and
Canada. We provide insulation installation services nationwide
through our Installation segment which has approximately 240
branches located across the United States. We distribute building
and mechanical insulation, insulation accessories and other
building product materials for the residential, commercial, and
industrial end markets through our Specialty Distribution business.
Our Specialty Distribution network encompasses approximately 170
branches. To learn more about TopBuild please visit our website at
www.topbuild.com.
Safe Harbor StatementThis press
release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act. These forward-looking
statements may address, among other things, our expected financial
and operational results and the related assumptions underlying our
expected results. These forward-looking statements are
distinguished by use of words such as “will,” “would,”
“anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,”
the negative of these terms, and similar references to future
periods. These views involve risks and uncertainties that are
difficult to predict and, accordingly, our actual results may
differ materially from the results discussed in our forward-looking
statements. Our forward-looking statements contained herein speak
only as of the date of this press release. Factors or events that
we cannot predict, including those described in the risk factors
contained in our filings with the Securities and Exchange
Commission, may cause our actual results to differ from those
expressed in forward-looking statements. Although TopBuild believes
the expectations reflected in such forward-looking statements are
based on reasonable assumptions, the Company can give no assurance
that its expectations will be achieved and it undertakes no
obligation to update any forward-looking statements as a result of
new information, future events, or otherwise, except as required by
applicable law.
Investor Relations and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801
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